Corporate
Corporate
Tk 7.61 trillion budget passed for FY 2023-24
Staff Correspondent: The budget of Tk 761,785 crore (Tk 7.61 trillion) for the financial year 2023-24 has been passed by the National Parliament. Finance Minister AHM Mustafa Kamal proposed this budget in the National Parliament on June 1 with the theme of ‘Smart Bangladesh’s progress beyond a decade and a…
Read More »Money laundering still increasing in Bangladesh
Tk 92,000 cr smuggled every year Zarif Mahmud: According to the GFI report released in December last year, $4,965 million have been smuggled out of Bangladesh in 6 years. Which is Tk 556,000 crores in local currency as Tk 112 per dollar. An average of Tk 92,000 thousand crore is…
Read More »AIIB to provide $ 400m as budget support to Bangladesh; deal signed
Diplomatic Correspondent: The government yesterday signed a $400 million budget support loan agreement with the Asian Infrastructure Investment Bank (AIIB) to implement the second subprogram of the Sustainable Economic Recovery Programme.The Sustainable Economic Recovery Programme (subprogramme-2) launched in October 2021 to support economic recovery after the COVID-19 pandemic, also aims…
Read More »Insurance for buildingsto be mandatory
Mahfuja Mukul: There are frequent incidents of serious fire in buildings happening in the country. The buildingsare also collapsing. The building owners are facing huge damages. Apart from this, even though there is not much damage to buildings in the earthquake, the country is at risk of a major earthquake,…
Read More »Allocation reduced at end of financial year
19 projects of LGED Tk 580 cr couldn’t be spent Mahfuja Mukul: At the very end of the fiscal year, the allocation of 19 ongoing projects of the Local Government Engineering Department (LGED) is being cut.Tk 580.79 crore is being deducted from these projects due to not being able to…
Read More »Budget for FY24 awarded to all, rich and poor
Staff Correspondent: Finance Minister AHM Mustafa Kamal yesterday said that the proposed budget for the next fiscal year (FY24) has been awarded to all sections of people, including rich and poor, while all the projections made in the budget would be attained as like the previous years.“We’ve awarded this budget…
Read More »NDB to finance $677 m for water supply and gas pipeline construction
Industry Desk: The New Development Bank (NDB) is eager to finance Expanded Dhaka City Water Supply Resilient Project and Replacement of Gas Pipeline between Dhaka and Narayanganj Project.The New Development will provide $677 million loan for the development of the water and sanitary sector and the gas sector of Bangladesh.NDB…
Read More »Size of budget increased by 969 times in 52 years
Mahfuz Emran: The first budget of Bangladesh after independence was announced on June 30, 1972. The size of the country’s first budget announced by the then finance minister of the Awami League government, Tajuddin Ahmed, was Tk 786 crore. After 52 years, the country’s 53rd budget (FY2022-23) will be presented…
Read More »A set of proposals to expand tax net
Zarif Mahmud: Finance Minister AHM Mustafa Kamal will present the last budget of the current government in the National Parliament today. This year’s budget emphasizes new income tax laws and tax hikes, prioritizing International Monetary Fund (IMF) conditions over election-time populism.The finance minister has drawn a table for tax collection…
Read More »Keeping over Tk 950 cr overdue Navana getting Tk 810 cr fresh loan
Staff Correspondent : Four state-owned banks Sonali, Janata, Agrani and Rupali are taking over huge distressed loans of Navana, one of the country’s leading industrial groups, which is on the brink of bankruptcy. The group has such loans to 20 non-banking financial institutions (NBFIs) of around Tk 950 crore.By doing…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
